Latest news with #SuperiorPlus
Yahoo
3 days ago
- Business
- Yahoo
This 2.3% Dividend Stock Consistently Pays Cash
Written by Amy Legate-Wolfe at The Motley Fool Canada In today's uncertain market, dividend stocks that pay monthly have become increasingly attractive. For investors looking to smooth out income and reinvest regularly, the right dividend-paying stock can be a game changer. That's where Superior Plus (TSX:SPB) comes in. With a solid dividend and stable business model, it offers something rare in this climate: reliable monthly cash flow with room to grow. If you're looking for a dependable payout while still capturing long-term upside, Superior Plus could be worth a closer look. Superior Plus is one of North America's largest distributors of propane and related products, with operations across Canada and the United States. It serves residential, commercial, agricultural, and industrial markets, making it a key player in delivering heating and energy solutions. It's not a flashy tech stock, but it's essential, and that's part of what makes it appealing. Its products are in demand year-round, particularly in colder regions where propane heating is a necessity. That stable demand has helped fuel consistent financial performance, even when broader markets have struggled. The company's business model supports its reliable dividend. Superior Plus pays shareholders a dividend of $0.18 annually. As of writing, that translates to a dividend yield of approximately 2.3%. The company has maintained its payout throughout periods of market volatility, offering investors peace of mind and predictable income. For retirees or anyone building passive income, that kind of regularity is hard to beat. Superior's most recent earnings report reinforces the strength of its operations. In Q1 2025, it posted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $260.5 million, up 10.5% from Q1 2024. This was driven by solid performance in its U.S. propane distribution business and continued benefits from its 'Superior Delivers' cost-saving program. Free cash flow per share came in at $0.94, which was a 54% increase year-over-year. That kind of cash generation provides strong backing for the dividend and also gives the company flexibility to invest in future growth. One key strength is how the company manages its capital. During the first quarter of 2025, Superior Plus repurchased 6.2 million shares, returning capital to shareholders while also increasing earnings per share (EPS). Share buybacks can be a smart move when done sustainably, and in Superior's case, they reflect a company with enough cash on hand to both invest and reward shareholders. Its net debt-to-adjusted EBITDA leverage ratio improved to 3.7 times from 3.8 times last year, showing a steady approach to financial health even while executing on growth plans. Speaking of growth, Superior Plus continues to benefit from its ongoing 'Superior Delivers' transformation initiative. This multi-year strategy is focused on boosting operational efficiency and customer satisfaction. The company aims to deliver an additional $70 million in EBITDA by 2027 through streamlined operations and smarter logistics. Early results are already flowing through to earnings, and if that trajectory continues, shareholders could benefit from both increased profitability and the potential for dividend increases in the future. Another area where Superior Plus shines is in its defensive nature. It operates in an essential service industry, and its customer base is diversified across sectors and regions. During inflationary periods or economic slowdowns, people still need heat and energy. That built-in demand creates a buffer against broader market declines. It's one reason the company has been able to continue raising or sustaining its dividend while other companies have paused theirs. Looking at valuation, Superior Plus shares trade at a forward price-to-earnings ratio that's below many peers in the energy distribution space. It's not the cheapest stock on the TSX, but for a company with strong free cash flow, a sustainable payout, and a clear path for growth, the valuation appears reasonable. Especially when factoring in the monthly income stream, which adds flexibility for reinvestment or expenses. For income investors, consistency matters more than hype. Superior Plus delivers that in spades. Its dividend is backed by real assets, stable demand, and a clear operational plan. It doesn't rely on speculative growth or market swings. Instead, it focuses on growing earnings and sharing them with investors. That makes it a practical choice for any Canadian looking to earn cash every month from their portfolio. The post This 2.3% Dividend Stock Consistently Pays Cash appeared first on The Motley Fool Canada. Before you buy stock in Superior Plus Corp., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Superior Plus Corp. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Superior Plus. The Motley Fool has a disclosure policy. 2025
Business Wire
13-05-2025
- Business
- Business Wire
Superior Plus Reports Voting Results of Annual and Special Meeting of Shareholders
TORONTO--(BUSINESS WIRE)--Superior Plus Corp. ('Superior Plus' or 'the Company') (TSX:SPB) held its annual and special meeting of shareholders on May 13, 2025 virtually (the 'Meeting') and is pleased to announce that all resolutions voted upon were approved. Pursuant to the requirements of the Toronto Stock Exchange, Superior is issuing this news release to summarize the voting results in respect of the Meeting. A total of 134,424,278 shares of the Company ('Shares') comprised of 104,421,441 Common Shares and 30,002,837 Series 1 Special Voting Preferred Shares representing approximately 51.28% of the votes attached to all outstanding Shares, were present or represented by proxy at the Meeting. Each of the 10 director nominees of the Company listed in the management information circular of the Company dated March 25, 2025 were elected by ordinary resolution passed by a vote of the holders of Shares conducted by ballot at the Meeting as follows: Nominee Votes For Votes Against Number Percentage Number Percentage Catherine M. Best 123,988,943 93.53% 8,574,492 6.47% Jean Paul (J.P.) Gladu 128,970,939 97.29% 3,592,496 2.71% Patrick E. Gottschalk 127,952,759 96.52% 4,610,676 3.48% Jennifer M. Grigsby 127,788,890 96.40% 4,774,545 3.60% Michael J. Horowitz 124,288,719 93.76% 8,274,716 6.24% Calvin B. Jacober 124,017,671 93.55% 8,545,764 6.45% Allan A. MacDonald 127,384,946 96.09% 5,178,489 3.91% Laura L. Schwinn 129,270,531 97.52% 3,292,904 2.48% David P. Smith 120,413,372 90.83% 12,150,063 9.17% William T. Yardley 129,090,346 97.38% 3,473,089 2.62% Expand Shareholders also approved an ordinary resolution appointing Ernst & Young LLP as the Company's auditors (99.38%), approved an ordinary resolution approving a new stock option plan for the Company (93.45%), approved a special resolution reducing the stated capital account maintained in respect of the Common Shares to Cdn$5 per share (99.04%) and approved a non-binding advisory vote regarding the Company's approach to executive compensation (92.09%). About Superior Plus Superior Plus is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customers in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior Plus safely delivers low carbon 1 fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior Plus is a leader in the energy transition and helping customers lower operating costs and improve environmental performance. 1 Superior Plus defines 'low carbon' and 'lower carbon' fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline).
Yahoo
13-05-2025
- Business
- Yahoo
Superior Plus Reports Voting Results of Annual and Special Meeting of Shareholders
TORONTO, May 13, 2025--(BUSINESS WIRE)--Superior Plus Corp. ("Superior Plus" or "the Company") (TSX:SPB) held its annual and special meeting of shareholders on May 13, 2025 virtually (the "Meeting") and is pleased to announce that all resolutions voted upon were approved. Pursuant to the requirements of the Toronto Stock Exchange, Superior is issuing this news release to summarize the voting results in respect of the Meeting. A total of 134,424,278 shares of the Company ("Shares") comprised of 104,421,441 Common Shares and 30,002,837 Series 1 Special Voting Preferred Shares representing approximately 51.28% of the votes attached to all outstanding Shares, were present or represented by proxy at the Meeting. Each of the 10 director nominees of the Company listed in the management information circular of the Company dated March 25, 2025 were elected by ordinary resolution passed by a vote of the holders of Shares conducted by ballot at the Meeting as follows: Nominee Votes For Votes Against Number Percentage Number Percentage Catherine M. Best 123,988,943 93.53% 8,574,492 6.47% Jean Paul (J.P.) Gladu 128,970,939 97.29% 3,592,496 2.71% Patrick E. Gottschalk 127,952,759 96.52% 4,610,676 3.48% Jennifer M. Grigsby 127,788,890 96.40% 4,774,545 3.60% Michael J. Horowitz 124,288,719 93.76% 8,274,716 6.24% Calvin B. Jacober 124,017,671 93.55% 8,545,764 6.45% Allan A. MacDonald 127,384,946 96.09% 5,178,489 3.91% Laura L. Schwinn 129,270,531 97.52% 3,292,904 2.48% David P. Smith 120,413,372 90.83% 12,150,063 9.17% William T. Yardley 129,090,346 97.38% 3,473,089 2.62% Shareholders also approved an ordinary resolution appointing Ernst & Young LLP as the Company's auditors (99.38%), approved an ordinary resolution approving a new stock option plan for the Company (93.45%), approved a special resolution reducing the stated capital account maintained in respect of the Common Shares to Cdn$5 per share (99.04%) and approved a non-binding advisory vote regarding the Company's approach to executive compensation (92.09%). About Superior Plus Superior Plus is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customers in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior Plus safely delivers low carbon1 fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior Plus is a leader in the energy transition and helping customers lower operating costs and improve environmental performance. 1 Superior Plus defines 'low carbon' and 'lower carbon' fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline). View source version on Contacts FOR MORE INFORMATION Superior Plus Corp. Website: E-mail: investor-relations@ Toll-Free: 1-866-490-PLUS (7587) Chris Lichtenheldt, Vice President, Investor RelationsTel: (905) 285-4988 Carolyn Skinner, Senior Manager, Corporate CommunicationsTel: (416) 428-9186
National Post
13-05-2025
- Business
- National Post
Superior Announces First Quarter Results with Record Adjusted EBITDA
Article content All dollar amounts are in USD unless otherwise noted and changes in performance are relative to first quarter 2024 unless otherwise noted Article content Article content Record first quarter Adjusted EBITDA (1) of $260.5 million increased 11% Adjusted EBTDA per share (1) of $0.89 increased 19% driven by strong results and lower shares outstanding Adjusted Net Earnings per share (1) of $0.66 increased 32% Free Cash Flow per share (1) of $0.94 increased 54% Initial results from Superior Delivers are progressing as expected and contributed $2.3 million to Adjusted EBITDA (1) The Compressed Natural Gas Distribution ('CNG') business achieved a record quarter with Adjusted EBITDA of $55.1 million, an increase of 7% Returned more than $35 million to common shareholders through dividends and share repurchases, including the repurchase of approximately 2.6% of the outstanding public float. Article content (1) Adjusted EBITDA, Adjusted EBTDA per share, Adjusted Net Earnings per share and Free Cash Flow per share are Non-GAAP Financial Measures. See 'Non-GAAP Financial Measures and Ratios' section below. Article content TORONTO — Superior Plus Corp. (' Superior ' or ' the company ') (TSX: SPB) today released its first quarter results for the period ended March 31, 2025. Article content 'We delivered record first quarter results and are pleased with the strong start to 2025 in both our propane and CNG businesses,' said Allan MacDonald, President and Chief Executive Officer. 'Our propane teams provided exceptional customer service, resulting in notable growth in both volumes and profitability. I want to express my gratitude for the hard work our teams carried out to achieve robust initial results for our propane transformation Superior Delivers, while continuing to provide critical support for our customers across North America.' Article content 'Within our CNG business, the Certarus team delivered a strong quarter, resulting in record Adjusted EBITDA (1),' continued MacDonald. 'We are tracking well against our long-term plans and remain confident in our ability to drive significant shareholder value.' Article content Note: Beginning in Q1 2025, the contribution from wholesale activities has been rolled into the U.S. and Canadian Propane segments to better reflect how the business operates. (1) Adjusted EBITDA from operations, Corporate Operating Costs and Adjusted EBITDA are Non-GAAP Financial Measures. See 'Non-GAAP Financial Measures and Ratios' section below. Article content (1) Adjusted EBITDA from operations, Adjusted EBITDA, Adjusted EBTDA per share, Adjusted Net Earnings per share and Free Cash Flow per share are Non-GAAP Financial Measures. See 'Non-GAAP Financial Measures and Ratios' section below. (2) The basic weighted average number of shares outstanding for the three months ended March 31, 2025 was 235.6 million. (three months ended March 31, 2024 was 248.6 million). The preferred share dividends are deducted from the numerator in this calculation. (3) The diluted weighted average number of shares outstanding for the three months ended March 31, 2025 was 265.6 million (three months ended March 31, 2024 was 278.6 million). The diluted weighted average number of shares assumes the exchange of the issued and outstanding preferred shares into common shares. There were no other dilutive instruments for the three months ended March 31, 2025 and 2024. Article content Q1 Propane Distribution Results and Superior Delivers (changes in performance are relative to first quarter 2024) Article content Adjusted EBITDA (1) across the propane operations grew by approximately 12% compared to last year due largely to colder weather which drove strong volumes, partly offset by a weaker Canadian dollar and slightly lower margins. Initial results from Superior Delivers are progressing in line with expectations and contributed $2.3 million to Adjusted EBITDA (1). This initial contribution was largely driven by initiatives within Customer Growth focused on contract terms for the services being provided. Within Superior Delivers, over the coming quarters the company is advancing sophisticated pricing analytics and increasing sales efforts through the Customer Growth pillar. Through the Cost-to-Serve pillar, the company is focused on route and schedule optimization. More than 20 Superior Delivers initiatives are currently being piloted or are in a phased roll-out and are expected to generate benefits over the remainder of 2025. The company continues to expect Superior Delivers to contribute approximately $20 million in Adjusted EBITDA (1) in 2025 and is on track to deliver $70 million of incremental Adjusted EBITDA (1) by 2027. Article content Adjusted EBITDA (1) increased 7% to $55.1 million. Continued to increase industry leading fleet of mobile storage units ('MSUs'), with an average of 863 MSUs in the first quarter, up 16%. Delivered volumes of 8,828,000 MMBTU increased 10%, while MMBTU per average MSU, excluding MSUs allocated to standby utility services, were relatively flat. Article content During Q1 2025, Superior repurchased 6.2 million common shares, or approximately 2.6% of its outstanding public float, at an average cost of C$6.42 per share for a total of approximately C$40 million. Consistent with its previously communicated capital allocation strategy, Superior expects to allocate approximately C$140 million annually to share repurchases, or until it has reached the limit of 10% of the public float under its outstanding NCIB, subject to the company's discretion. Declaring a quarterly common share dividend of C$0.045 per share, payable to shareholders of record as of June 30, 2025. The common share dividend will be payable on July 15, 2025. Article content The company's Leverage Ratio as of March 31, 2025 was 3.7x, compared to 3.8x on March 31, 2024 and compared to 4.1x on December 31, 2024. The decrease in the Leverage Ratio was due to higher Adjusted EBITDA and the impact of a strong U.S. dollar on the translation of Canadian denominated debt, partly offset by a temporary investment in working capital during the quarter. The company continues to expect to end 2025 with a Leverage Ratio of ~3.6x and is maintaining its mid-2027 target of ~3.0x. Article content Superior's MD&A and the unaudited condensed Consolidated Financial Statements as at and for the quarter ended March 31, 2025 provide a detailed explanation of Superior's operating results. These documents are available online on Superior's website at Superior Plus Financial Reports and on Superior's profile at SEDAR+. Article content A conference call and webcast to discuss the 2025 first quarter financial results will be held at 8:30 AM EDT on Wednesday, May 14, 2025. To register as a participant, please use the following link: Register Here. The webcast will be available for replay on Superior's website at: under the Events section. Article content Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers low carbon 1 fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance. Article content 1 Superior defines 'low carbon' and 'lower carbon' fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline). Article content This news release contains information or statements that are or may be 'forward-looking statements' within the meaning of applicable Canadian securities laws. When used in this presentation, the words 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'estimate', 'predict', 'forecast', 'project', 'intend', 'target', 'potential', 'continue' or the negative of these terms or terminology of a similar nature as they relate to Superior or an affiliate/subsidiary of Superior are intended to identify forward-looking statements. Forward-looking statements in this news release include, without limitation, information and statements relating to: Superior's future financial position, the anticipated initiatives, impact of, and our ability to successfully execute on the Superior Delivers transformation, expected 2025 Adjusted EBITDA growth of $20 million attributable to Superior Delivers initiatives in 2025 and $70+ million by 2027, expected allocation of capital to share repurchases in 2025, anticipated increases in shareholder value and expected Leverage Ratio at 2025 and the company's mid-term target leverage ratio. Article content Forward-looking information is provided to provide information about management's expectations and plans for the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions, and expectations that Superior believes are reasonable in the circumstances, including assumptions about our ability to execute on the goals and targets of the Superior Delivers transformation, including $35 million in Adjusted EBITDA growth from cost-to-serve improvements, $30 million in Adjusted EBITDA growth from customer growth initiatives; and $5 million in Adjusted EBITDA growth from the company's wholesale business activities, in each case, from 2025 to 2027; foreign exchange rates; competition; expected average weather; interest rates remaining flat with the current level; number and average acquisition price of common shares repurchased; management's estimates and expectations in relation to future economic and business conditions and the resulting impact on growth and accretion in various financial metrics; the absence of significant undisclosed costs or liabilities associated with acquisitions; and other assumptions disclosed in Superior's 2025 Q1 MD&A available at SEDAR+ at and on Superior's website at No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to Superior, including information obtained from third-party industry analysts and other third-party sources, and the historic performance of Superior's businesses and businesses it has acquired. Superior cautions that the assumptions used to prepare such forward-looking information, including estimated financial guidance, could prove to be incorrect or inaccurate. Article content The forward-looking information is also subject to the risks and uncertainties set forth below. By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, Superior's actual performance and financial results may vary materially from those estimates and expectations contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include the success and of, and timing to achieve, the initiatives being pursued pursuant to the Superior Delivers program, ongoing capital requirements of the businesses, weather differing materially from the five year average weather, market conditions, demand and competition for CNG in jurisdictions where CNG operates, economic activity in the oil and gas sector, commodity prices, risks relating to incorrect assessments of value when making acquisitions, failure to realize expected cost-savings and synergies from acquisitions, increases in debt service charges, the loss of key personnel, fluctuations in foreign currency and exchange rates, fluctuations in commodity prices, increasing rates of inflation, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities and equipment, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in (i) our 2024 Annual MD&A under the heading 'Risk Factors' and (ii) Superior's most recent Annual Information Form. The preceding list of assumptions, risks and uncertainties is not exhaustive. Article content When relying on our forward-looking information to make decisions with respect to Superior, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, Superior does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information. The estimates and targets regarding Superior's future financial performance, including, but not limited to, estimated target of incremental Adjusted EBITDA of $70 million from the Superior Delivers transformation by 2027, are provided herein to assist readers in understanding Superior's estimated and targeted financial results, and such information may not be appropriate for other purposes. Superior and its management believe that such information has been prepared based on assumptions that are reasonable in the circumstances, reflecting management's best estimates and judgements, and represents, to the best of management's knowledge and opinion, Superior's estimated and targeted financial results. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Article content Throughout this news release, Superior has identified specific terms, including ratios, that it uses that are not standardized measures under International Financial Reporting Standards ('Non-GAAP Financial Measures') and, therefore may not be comparable to similar financial measures disclosed by other issuers. Information to reconcile these Non-GAAP Financial Measures to the most directly comparable financial measures in Superior's condensed consolidated financial statements as at and for the three months ended March 31, 2025 ('Q1 2025 Financial Statements') is provided below. Certain additional disclosures for these Non-GAAP Financial Measures, including an explanation of the composition of these financial measures, how they provide helpful information to an investor, and any additional purposes management uses for them, are incorporated by reference from the 'Non-GAAP Financial Measures and Reconciliations' section in Superior's 2025 First Quarter MD&A dated May 13, 2025, available on Article content Adjusted EBITDA is consistent with the Segment profit (loss) disclosed in Note 18 Reportable Segment Information of the Financial Statements. Adjusted EBITDA from operations is the sum of U.S. Propane, Canadian Propane, and CNG Segment profit (loss). Adjusted EBITDA per share is calculated by dividing Adjusted EBITDA by the weighted average shares assuming the exchange of the issued and outstanding preferred shares into common shares. Article content Adjusted EBTDA is calculated as Adjusted EBITDA less interest on borrowings and interest on lease liability. Adjusted EBTDA per share is calculated by dividing Adjusted EBTDA by the weighted average shares assuming the exchange of the issued and outstanding preferred shares into common shares. Corporate Operating Costs are defined as Corporate Segment profit (loss) disclosed in Note 18 Reportable Segment Information of the condensed consolidated financial statements as at and for the three months ended March 31, 2025. Article content Capital Expenditures are inclusive of purchases of property, plant and equipment and intangible assets and lease additions. Article content Leverage Ratio is determined by dividing Superior's Net Debt by its Pro Forma Adjusted EBITDA, both of these components are Non-GAAP Financial Measures. Proforma Adjusted EBITDA is Adjusted EBITDA calculated on a 12-month basis giving effect to acquisitions, if any, to the first day of the calculation period. Proforma Adjusted EBITDA was calculated by taking the sum of the year ended December 31, 2024 Adjusted EBITDA ($455.5 million) and the Adjusted EBITDA for the three months ended March 31, 2025 ($260.5 million) less the Adjusted EBITDA for the three months ended March 31, 2024 ($235.6 million). Net Debt is calculated as the sum of borrowings before deferred financing fees ($1,651.0 million) and lease liabilities ($158.0 million) reduced by cash and cash equivalents ($32.7 million) as at March 31, 2025. Article content Free Cash Flow per share is calculated as Segment Profit (Loss) ($260.5 million) less interest on borrowings ($21.2 million), interest on lease liability ($2.4 million), taxes paid ($6.2 million), Capital Expenditures ($22.1 million), transaction, restructuring and other costs (recovery) (($16.8 million)) and the preferred share dividend paid in the period ($4.7 million). Free Cash Flow per share is calculated by dividing Free Cash Flow by the basic weighted average common shares. This calculation excludes changes in non-cash operating working capital and other, which can fluctuate meaningfully and from quarter to quarter and can therefore detract from the purpose of the metric which is to demonstrate the performance from the underlying operations. Article content Adjusted Net Earnings is calculated as Net Earnings for the period ($146.4 million) and adjusting for deferred income tax ($33.8 million), unrealized (gains) losses on financial and non-financial derivatives and foreign currency translation ($3.6 million), transaction, restructuring and other costs (recovery) (($16.8 million)) and the preferred share dividend paid in the period ($4.7 million). Adjusted Net Earnings per share is calculated by dividing Adjusted Net Earnings by the basic weighted average common shares. Article content Article content Article content Contacts Article content Article content
National Post
13-05-2025
- Business
- National Post
Superior Plus Declares 2025 Second Quarter Dividend
Article content TORONTO — Superior Plus Corp. (' Superior ' or ' the company') (TSX: SPB) announced today that its Board of Directors has approved a quarterly dividend of CAD $0.045 per common share payable on July 15, 2025, to shareholders of record at the close of business June 30, 2025. Superior's annualized cash dividend rate is currently CAD $0.18 per share. This dividend is an eligible dividend for Canadian income tax purposes. Article content Article content Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers low carbon 1 fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance. Article content 1 Superior defines 'low carbon' and 'lower carbon' fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline). Article content Forward-Looking Information This news release contains certain forward-looking information and statements based on Superior's current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as 'will', 'expects', 'annualized', and similar expressions. Article content In particular, this news release contains forward-looking statements and information relating to: future dividends, which may be declared on Superior's common shares; the timing and the amount of such dividend payments; and the expected tax treatment thereof. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior's operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior's future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior's public disclosure documents including, among other things, those detailed under the heading 'Risk Factors' in Superior's management's discussion and analysis and annual information form for the year ended December 31, 2024, which can be found at Article content Article content Article content Article content Article content Article content Contacts Article content FOR MORE INFORMATION Article content Article content
